LONDON (JTN) The Chinese economy & currency
The growing importance of the Chinese economy and China’s
efforts have given the Chinese currency, the renminbi, international
prominence, and the pace is expected to continue, a British expert
said. In an interview, John Noe Reich, a senior lecturer in Economics
of China at King’s College London, said that China’s economy has
grown rapidly in recent decades and is the world’s second-largest
economy and the world’s largest economy by purchasing power.
Has become He said that given the growing global importance of
the Chinese economy, it is not surprising that Renminbi’s strength in
the international arena.
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The expert said that China is the largest trading country (in goods)
in the world and is mainly operating as a renminbi campaign for
renminbi in international, renminbi trade transactions. Experts
emphasize that the renminbi is relatively less important as a global
capital and reserve currency. Noe Reach said that the Chinese
government has actively pursued international measures to increase
the international acceptance of renminbi. Which has played an
important role in the development of the currency.
The Chinese economy & currency